Pieter C. 5 Report post Posted December 5, 2008 AirAsia Shareholder Unable To Fund Buyout December 5, 2008 Malaysian budget carrier AirAsia's major shareholder is unable to proceed with the potential buyout of the rest of the airline, AirAsia said on Friday. "Due to the tight credit market conditions, (Tune Air) is unable to secure financing on acceptable terms and conditions from financial institutions to fund the potential privatization exercise of AirAsia," the airline said in a filing to the stock exchange. "Tune Air is unable to form a firm intention" on the buyout, it said. (Reuters) Share this post Link to post Share on other sites
Naim 6 Report post Posted December 6, 2008 AirAsia boss aspires to 'take over' SIA by Tim Leonard KUALA LUMPUR (Dec 5, 2008): Budget airline AirAsia boss Datuk Seri Tony Fernandez yesterday said his long-term objective is to one day “take over” Singapore Airlines. Najib presents Fernandez with the Brand Icon Award. Speaking at the Global Brand Forum Malaysia at the Palace of the Golden Horses, the maverick entrepreneur revealed his company’s ambitions at the end of a slide presentation. To the amazement of those present, he showed two pictures – one of aircraft livery and the other of AirAsia’s new uniform for its stewardesses – and told his audience what he he would name his new company – “Singapore AirAsia”. Fernandez, who was later presented with the Malaysian Icon Award by Deputy Prime Minister Datuk Seri Najib Razak for his contribution to the country, kept the audience in stitches throughout his one-hour presentation. “And this is the uniform the stewardesses onboard Singapore AirAsia will wear,” he said, pointing to a picture of a smiling woman wearing a combination of the famous SIA baju kebaya and striking red AirAsia skirt. While many in the audience laughed it off, industry observers took the view that it was a signal from Fernandez, following news reports of Malaysia Airlines having talks on a possible merger or a strategic alliance to form a global airline with British Airways and Qantas. A Malaysian newsportal said that owing to global economic pressures, the airline industry was going through a consolidation period, with talks of mergers, acquisitions and bankruptcies dominating the business pages. Najib said he was proud of Fernandez’s achievements, not only for his company but for the country as well. Updated: 12:09AM Fri, 05 Dec 2008 http://www.thesundaily.com/article.cfm?id=28266 Share this post Link to post Share on other sites
Ryan Soh 3 Report post Posted December 6, 2008 Hahahahahaha... Does anyone have a photo of the Singapore Air Asia unform? Share this post Link to post Share on other sites
H Azmal 0 Report post Posted December 6, 2008 Majulah Malaysia or Singapura Boleh? Share this post Link to post Share on other sites
Ganesh.r 0 Report post Posted December 6, 2008 400+ mil in loss and unable to secure funding for a buyout.. keep dreaming tony. Share this post Link to post Share on other sites
Ahmad M 1 Report post Posted December 6, 2008 I'm no great fan of Tony but why not? Every great human achievement start with a dream and if that is his dream, good luck to him I'll say. Share this post Link to post Share on other sites
suadrif 0 Report post Posted December 6, 2008 I thought the uniform looks awful. The combination of blue batik and red skirts don't make sense at all. What do you think guys? Share this post Link to post Share on other sites
Walter Sim 1 Report post Posted December 6, 2008 i think this is just a tounge in cheek thingy, not to be taken too seriously Share this post Link to post Share on other sites
BC Tam 2 Report post Posted December 6, 2008 Wasn't Dato TF rehashing some presentation from something like a year back then ? I distinctly remember someone posting here on MW the same slide And what is it about not being able to fly to SIN city - AK already there no ? Share this post Link to post Share on other sites
Waiping 12 Report post Posted December 6, 2008 Impossible is nothing so they'll probably continue to do nothing especially on customer service. Share this post Link to post Share on other sites
Nabiel Haniff 1 Report post Posted December 6, 2008 Funny not suitable at all for the uniform Share this post Link to post Share on other sites
jeff 0 Report post Posted December 6, 2008 ugly uniform Share this post Link to post Share on other sites
jani 0 Report post Posted December 6, 2008 The livery is uglier But its a nice dream. He should take over SQ and then divert all their traffic to KUL Share this post Link to post Share on other sites
Timothy 1 Report post Posted December 6, 2008 The livery is uglier But its a nice dream. He should take over SQ and then divert all their traffic to KUL and let MH use changi Share this post Link to post Share on other sites
jani 0 Report post Posted December 6, 2008 What? Nahh. What advantage is that? Share this post Link to post Share on other sites
Azuan Zahdi 2 Report post Posted December 6, 2008 Awesome Joke....Instead of 'bashing' MH, why not make fun of SQ once in a while.. Share this post Link to post Share on other sites
Kenneth T 0 Report post Posted December 7, 2008 Not only it is ugly..but it not creative at all.... Share this post Link to post Share on other sites
Nabiel Haniff 1 Report post Posted December 7, 2008 The livery is uglier But its a nice dream. He should take over SQ and then divert all their traffic to KUL Agree to divert all the SQ traffic to WMKK. Then KUL become a south east airport hub Share this post Link to post Share on other sites
yeadrian 0 Report post Posted December 7, 2008 (edited) It all starts from a dream, AK's success was a dream before it happened, Takeover, Buyover, oooooh ! you think Temasek will allow that ? wonder how will SQ handle AK's jibes... Possibly again another snub from a high horse! In order for KLIA to be a hub. Malaysia Airlines has to sweat/innovate to compete with SQ Malaysia Airports has to be efficient (if they are today - why is Govt still funding 1bil per annum?? waste of taxpayer's money) Tourism Ministry plays an important role! Edited December 7, 2008 by yeadrian Share this post Link to post Share on other sites
Sri Ramani K. 0 Report post Posted December 7, 2008 Wasn't Dato TF rehashing some presentation from something like a year back then ? I distinctly remember someone posting here on MW the same slide And what is it about not being able to fly to SIN city - AK already there no ? alamak! someone stole my pic! Share this post Link to post Share on other sites
Gavin Andrew David 6 Report post Posted December 7, 2008 No wonder mr TF wasn't at his company dinner ... Share this post Link to post Share on other sites
Sri Ramani K. 0 Report post Posted December 7, 2008 No wonder mr TF wasn't at his company dinner ... eh gavin, he was there lah.. :blink: Share this post Link to post Share on other sites
Simon 3 Report post Posted December 8, 2008 Dream on..... Share this post Link to post Share on other sites
Ryan Soh 3 Report post Posted December 9, 2008 400+ mil in loss and unable to secure funding for a buyout.. keep dreaming tony. <_> Impossible is nothing so they'll probably continue to do nothing especially on customer service. Tsk tsk tsk... Jibes jibes nothing but jibes. When AK first became AK (not referring to that sad case of an airline by HICOM), everyone laughed at them too. I admit I was one of them. But look at where they are today?! Not only you have AK, but you also have D7, FD and QZ too. It all started with a dream and I know TF felt the heat as well but that did not stop him from charging full steam ahead spearheading something which we never thought would work in Asia - an LCC. So I suggest we all let AK and gang do their own stuff because they are not going anywhere in the near, or distant future. 400+mill lost? Which airline is not reeling frm the effects of the present global climate? It all starts from a dream, AK's success was a dream before it happened, Takeover, Buyover, oooooh ! you think Temasek will allow that ? wonder how will SQ handle AK's jibes... Possibly again another snub from a high horse! In order for KLIA to be a hub. Malaysia Airlines has to sweat/innovate to compete with SQ Malaysia Airports has to be efficient (if they are today - why is Govt still funding 1bil per annum?? waste of taxpayer's money) Tourism Ministry plays an important role! Well, as funny as i thought this piece of news was, never say never. Nothing is forever. SQ has been jibed and snubbed by high horses on several occassions but that doesn't mean they have to respond to every one of them. I am sure the heads are smart enough to know this was all tongue-in-cheek and not some slanderous lash. Share this post Link to post Share on other sites